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As are the disadvantages as evidenced by all the ransoms paid in crypto, these ransoms are also evidence that the security required to keep your crypto secure i
by JaimeThompson 5y ago
As are the disadvantages as evidenced by all the ransoms paid in crypto, these ransoms are also evidence that the security required to keep your crypto secure isn't exactly all that common in some of the market segments the crytpo companies are trying to reach.
- gonehome 5y agoI don't disagree with you and I don't pretend there are no risks with cryptocurrency. The security requirements are obviously harder, the UX is bad and even technical users fuck it up. Some of this will be improved by tooling, some of it is just what's required for self-custody. Still, the capability it provides is new and gives individuals more power even with these tradeoffs. That capability is valuable and shouldn't be dismissed imo. It's a lever against authoritarian control and increasing centralization of power.